Priority Telecom reports lower net losses

8 Mar 2006

Publicly-listed Dutch telco Priority Telecom reported revenues of EUR112.5 million (USD134.4 million) in 2005, up from EUR95.7 million a year earlier, and net losses of EUR9.4 million, down from EUR40.8 million. EBITDA dipped to EUR16.6 million from EUR19.4 million, despite a 56% rise in voice revenues to EUR67.6 million. Priority said the total number of indirect VoIP connections continued to grow due to its focus on the large and medium-sized business market with voice services and VoIP-based data/voice convergence solutions.